"With over 50 years of experience, we know that a simple so-called index fund … does actually better than professional money managers," said economist Burton Malkiel.
In the 1960s, the German government put a tariff on American chickens. President Johnson then retaliated with a tariff on light-duty commercial vehicles and trucks. The back-and-forth has come to define the U.S. auto industry.
The area around Albuquerque has long been a hub for scientific and technological development. This appears to be true for AI, too, but the full picture of this regional economy is much more complex.